BharatAgri, a pioneering advisory-driven e-commerce platform tailored for farmers, has recently secured an impressive $4.3 million (approximately Rs 35 crore) in funding during its extended Series A round. This significant investment has been led by Arkam Ventures, with participation from Capria Ventures and the continued support of existing investors, India Quotient, 021 Capital, and Omnivore.
The newly acquired capital is earmarked for expanding BharatAgri’s e-commerce platform into previously untapped regions and enhancing the efficiency of its last-mile delivery services. This development is expected to cement the company’s position as a game-changer in the agricultural technology sector.
The strategic partnership with Arkam Ventures has welcomed Rahul Chandra, Managing Director of Arkam Ventures, to BharatAgri’s board. This funding marks Arkam’s third notable investment in the agritech space, following their support of Jai Kisan and Jumbotail.
Founded by Siddharth Dialani and Sai Gole, BharatAgri empowers farmers through its cutting-edge innovative farming advisory services, enabling them to identify and procure the most suitable input products based on their specific agricultural needs. The company has harnessed the power of predictive algorithms to offer personalized advisory services that consider various factors, including crop types, regional nuances, and climate changes.
Farmers utilizing BharatAgri’s platform gain access to customized recommendations designed to increase farm yield, reduce input costs, and minimize labour efforts. The venue boasts over 10,000 agricultural products, ranging from fertilizers, seeds, pesticides, and insecticides to essential farming equipment.
By merging expert advisory services with a robust e-commerce platform, BharatAgri aims to elevate farmers’ productivity by up to 30%, trim their operational costs by 10%, and double their earnings. The company plans to strengthen its distribution network, enhance last-mile delivery capabilities, and optimize its turnaround time in the coming year.
The extended Series A funding round’s first tranche was spearheaded by Capria Ventures earlier this year, providing the impetus for BharatAgri’s subsequent success.
BharatAgri’s latest funding injection reaffirms the company’s commitment to transforming agriculture in India and positions it as a leader in the agritech sector. With the backing of strategic investors and a clear vision for empowering farmers, BharatAgri is poised to continue making significant strides in shaping the future of agriculture.
